Waymo is now valued at $126 billion following $16 billion funding round

The company touts a 90 percent reduction in serious crashes across its 127 million miles of autonomous driving.

The fully autonomous robotaxi industry continues to grow with Waymo now valued at $126 billion. This follows on from a new round of investing which saw major financing from several groups.

Waymo released a press statement on February 2, 2026 that announced a $16 billion investment round. This brings Waymo’s valuation to $126 billion. The statement notes that Alphabet is the majority investor but goes on to highlight the new financing and investors:

The financing was led by Dragoneer Investment Group, DST Global, and Sequoia Capital, and included significant investments from Andreessen Horowitz and Mubadala Capital as well as Bessemer Venture Partners, Silver Lake, Tiger Global, and T. Rowe Price. Additional investors included BDT & MSD Partners, CapitalG, Fidelity Management & Research Company, GV, Kleiner Perkins, Perry Creek Capital, and Temasek.

The statement goes on to mention a few statistics. Waymo has achieved a 90 percent reduction in serious injury crashes across 127 million miles of fully autonomous operation. The company has also tripled its annual volume to 15 million rides.

Waymo states it is laying the groundwork to expand into 20 additional cities this year, including Tokyo and London. The press release reaffirms that the focus now on global scale, not just within the borders of the United States.

It was only in November 2024 that Waymo’s robotaxi app expanded across all of Los Angeles. This followed on from Alphabet’s $5 billion investment into the company.

As fully autonomous driving continues to expand, stay tuned to the Shacknews Self-driving vehicles page for the latest on the industry.